Fitipower Integrated Technology Inc. providing an overview of the
Third-Quarter Consolidated Results at the analyst meeting.
3Q23 consolidated revenue of NT$4,240 million, down 2.29% from previous
quarter and up 1.19% year-over-year.
3Q23 consolidated gross margin of 33.47%, up 1.43 percentage points from
previous quarter, and up 2.29 percentage points year-over-year.
3Q23 consolidated operating income of NT$650 million, up 4.37% from
previous quarter, and up 44.28% year-over-year.
3Q23 consolidated net income of NT$660 million; EPS of NT$3.98
Consolidated Revenue
Fitipower Integrated Technology Inc. today providing an overview to
financial results of third-quarter ended Sep 30, 2023. The third-quarter
revenue was NT$4,240 million, down 2.29% sequentially and up 1.19%
year-over-year. The quarter-over-quarter decrease was mainly due to
customers’inventory adjustments in mid-size product line.
The year-over-year increase was mainly due to improvements in demand for
certain consumer electronics.
Consolidated Gross Profit and Gross Margin
The Third-quarter gross profit was NT$1,419 million, up 2.08%
sequentially, and up 8.61% year-over-year. Gross margin for the quarter
was 33.47%, up 1.43 percentage points sequentially, and up 2.29 percentage
points year-over-year. The quarter-over-quarter and year-over-year
increase were mainly due to changes of the product mix and new products
mass production.
Consolidated Net Income, Net Profit Margin and EPS
Net income for the quarter was NT$660 million, up 0.35%
Sequentially, and up 39.69% year-over-year. Net profit margin for the
quarter was 15.57%, higher than 15.17% previous quarter and 11.28% in the
year-ago quarter. EPS was NT$3.98, up from NT$3.13 in the prior quarter
and NT$2.48 in the year-ago quarter. The quarter-over-quarter and
year-over-year increase in net income, net profit margin and EPS were
mainly due to changes of the product mix.
